Pay Raise Calculator
Calculate your new salary and raise amount from a percentage increase.
Pay Raise Calculator
Calculate your new salary and raise amount from a percentage increase.
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Real-World Examples
Annual raise
A $60,000 salary with a 5% annual raise
$63,000 new salary ($3,000 raise)
Counter-offer
A $45,000 salary with an 8% negotiated raise
$48,600 new salary ($3,600 raise)
Common Mistakes to Avoid
Adding the percentage points to the salary directly
Fix: A 5% raise on $60,000 is $3,000 (not $60,005). Multiply the salary by the percentage as a decimal, then add the result.
Not accounting for compounding over multiple years
Fix: If you get 5% raises for 3 years, the total is not 15% but 15.76% due to compounding: $60,000 × 1.05³ = $69,457.50.